TrustCo Bank Corp NY Past Earnings Performance
Past criteria checks 2/6
TrustCo Bank Corp NY has been growing earnings at an average annual rate of 3.9%, while the Banks industry saw earnings growing at 9.5% annually. Revenues have been growing at an average rate of 3.2% per year. TrustCo Bank Corp NY's return on equity is 8.2%, and it has net margins of 29.7%.
Key information
3.9%
Earnings growth rate
4.3%
EPS growth rate
| Banks Industry Growth | 11.2% |
| Revenue growth rate | 3.2% |
| Return on equity | 8.2% |
| Net Margin | 29.7% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Results: TrustCo Bank Corp NY Exceeded Expectations And The Consensus Has Updated Its Estimates
Apr 26
TrustCo Bank: Back To A 5.5% Yield, It Is A Buy
Apr 22TrustCo Bank Corp NY (NASDAQ:TRST) Is Due To Pay A Dividend Of $0.36
Nov 25Should You Be Adding TrustCo Bank Corp NY (NASDAQ:TRST) To Your Watchlist Today?
Mar 24TrustCo Bank Corp NY (NASDAQ:TRST) Is Increasing Its Dividend To $0.36
Feb 25TrustCo Bank Corp NY (NASDAQ:TRST) Will Pay A Dividend Of $0.35
Aug 20TrustCo Bank: Stable And Attractively Valued
Aug 20TrustCo Bank: A 4.5% Yield For A Bank Trading At TBV
May 24TrustCo Bank: An Attractive 4% Dividend Yield For New York And Florida Real Estate Exposure
Jan 10TrustCo Bank: Tremendously Positioned For Rate Hikes
Oct 25TrustCo Bank: The Recent Pullback Is All About Interest Rates
Aug 22Shareholders May Be More Conservative With TrustCo Bank Corp NY's (NASDAQ:TRST) CEO Compensation For Now
May 14TrustCo Bank Corp NY (NASDAQ:TRST) Pays A US$0.068 Dividend In Just Four Days
Feb 27Here's How We Evaluate TrustCo Bank Corp NY's (NASDAQ:TRST) Dividend
Feb 16
What Type Of Shareholders Make Up TrustCo Bank Corp NY's (NASDAQ:TRST) Share Registry?
Jan 19TrustCo Bank: Securing A 4% Yield With New York Residential Mortgages
Jan 04Revenue & Expenses BreakdownBeta
How TrustCo Bank Corp NY makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 178 | 53 | 92 | 0 |
| 31 Dec 23 | 189 | 59 | 94 | 0 |
| 30 Sep 23 | 201 | 70 | 94 | 0 |
| 30 Jun 23 | 206 | 74 | 93 | 0 |
| 31 Mar 23 | 206 | 76 | 91 | 0 |
| 31 Dec 22 | 200 | 75 | 87 | 0 |
| 30 Sep 22 | 194 | 71 | 86 | 0 |
| 30 Jun 22 | 189 | 68 | 86 | 0 |
| 31 Mar 22 | 185 | 65 | 87 | 0 |
| 31 Dec 21 | 184 | 62 | 90 | 0 |
| 30 Sep 21 | 179 | 59 | 89 | 0 |
| 30 Jun 21 | 173 | 56 | 88 | 0 |
| 31 Mar 21 | 167 | 53 | 86 | 0 |
| 31 Dec 20 | 165 | 52 | 85 | 0 |
| 30 Sep 20 | 165 | 53 | 85 | 0 |
| 30 Jun 20 | 167 | 53 | 86 | 0 |
| 31 Mar 20 | 172 | 57 | 86 | 0 |
| 31 Dec 19 | 174 | 58 | 87 | 0 |
| 30 Sep 19 | 177 | 60 | 86 | 0 |
| 30 Jun 19 | 178 | 60 | 86 | 0 |
| 31 Mar 19 | 178 | 61 | 85 | 0 |
| 31 Dec 18 | 177 | 61 | 83 | 0 |
| 30 Sep 18 | 176 | 53 | 82 | 0 |
| 30 Jun 18 | 175 | 50 | 81 | 0 |
| 31 Mar 18 | 173 | 47 | 80 | 0 |
| 31 Dec 17 | 171 | 43 | 79 | 0 |
| 30 Sep 17 | 168 | 47 | 79 | 0 |
| 30 Jun 17 | 165 | 45 | 77 | 0 |
| 31 Mar 17 | 164 | 43 | 77 | 0 |
| 31 Dec 16 | 162 | 43 | 76 | 0 |
| 30 Sep 16 | 161 | 42 | 74 | 0 |
| 30 Jun 16 | 160 | 42 | 73 | 0 |
| 31 Mar 16 | 158 | 42 | 72 | 0 |
| 31 Dec 15 | 157 | 42 | 72 | 0 |
| 30 Sep 15 | 157 | 43 | 72 | 0 |
| 30 Jun 15 | 157 | 43 | 72 | 0 |
| 31 Mar 15 | 156 | 44 | 71 | 0 |
| 31 Dec 14 | 156 | 44 | 70 | 0 |
| 30 Sep 14 | 155 | 44 | 70 | 0 |
| 30 Jun 14 | 152 | 44 | 69 | 0 |
| 31 Mar 14 | 151 | 42 | 68 | 0 |
| 31 Dec 13 | 149 | 40 | 69 | 0 |
| 30 Sep 13 | 147 | 39 | 68 | 0 |
| 30 Jun 13 | 147 | 38 | 68 | 0 |
Quality Earnings: TRST has high quality earnings.
Growing Profit Margin: TRST's current net profit margins (29.7%) are lower than last year (36.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: TRST's earnings have grown by 3.9% per year over the past 5 years.
Accelerating Growth: TRST's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TRST had negative earnings growth (-30.1%) over the past year, making it difficult to compare to the Banks industry average (-13.7%).
Return on Equity
High ROE: TRST's Return on Equity (8.2%) is considered low.